Freelance Hourly Rate Calculator

A simple calculator to help you find out how much to charge as a freelancer.

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Step 1: Your Preferred Lifestyle

How many days per week will you work on average?*DaysHow many hours each day?*HoursWhat percentage of these hours are usually billable hours?*%How many vacation days would you prefer every year?*DaysHow about sick or personal days?*DaysAny days off for religious holidays?DaysHow much would you like to put away into a Retirement Account?$How much profit, after all expenses, would you like to make each year?*$per year

Step 2: Personal Expenses

How much is your rent or mortgage monthly?$per monthHow much will you spend each day on everyday things?(Such as food, drink, entertainment, etc.)$per dayHow much will you spend each month on occasional expenses?(Such as medical expenses, car repair, home repairs, etc.)$per monthHow about on any other expenses per month?(Such as birthdays, holidays, vacations, etc.)$per month

Step 3: Business Expenses

How much is your office rent monthly?$per monthHow much will you spend on Travel, monthly?$per monthHow much will you spend on Software or Subscription Services, monthly?$per monthHow much will you spend on Computers, Furniture and Equipment, monthly?$per monthHow much will you spend on Communications and Internet (Phones, Fax, Internet, TV), monthly?$per monthHow much will your Insurance cost, monthly?$per monthHow much will you spend on Accounting Fees, monthly?$per monthHow much will you spend on Office Supplies, monthly?$per monthHow much will you spend on Advertising and Promotions, monthly?$per monthHow much will you spend on anything else for your business, monthly?(Such as any deliveries, construction, or salaries for assistants or partners)$per month

Calculate Your Hourly Rate

Hourly Rate: $0

Annual Salary: $0

How This Calculator Works

The Freelance Hourly Rate Calculator will help you determine what you need in order to support the lifestyle that you desire.

By entering information into each field, you can calculate an hourly rate based on your costs, number of billable hours, and desired annual profit.

Section One asks about your desired lifestyle. This includes how much profit you would like to make annually, how many hours a day you will be working, and how many days a week will be on your schedule.

Section Two asks about your daily and monthly personal expenses. This includes rent/mortgage, and occasional expenses.

Section Three asks about your monthly business and logistical expenses. This includes office rental fees, software subscriptions and communication costs.

Based on this information, you will be given your minimum necessary hourly rate, and total annual salary. Try it out, and see what it will take to live the lifestyle of your dreams!

Charging for Freelance Work

We believe that your preferred lifestyle should be the number one factor in selecting your rate, and settling on your annual salary as a freelancer. This tool will assist you in finding this information. All it takes is a little planning on your part.

Take a mental snapshot of the way you want your life to look in a year, five years and ten years.

Once you have a clear idea of your coming goals, you can begin to fill in the blanks.

The calculator is going to factor all of this information in your final result. Knowing what goals you hope to reach will give you the blueprint you need to work the way you want to.